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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (88823)1/25/2001 10:23:26 AM
From: Joan Osland Graffius  Respond to of 132070
 
tippet, >>lotsa banks in there ...

Hopefully they are lending to people that can pay...maybe the beer counter balances the bank risk. <ggg>

Joan



To: yard_man who wrote (88823)1/25/2001 2:02:50 PM
From: Mark Adams  Read Replies (2) | Respond to of 132070
 
Banks in AU don't have the FDIC program like the US. There was talk of Insurance on deposits, but some speculate that if the banks went, so would the Insurers.

I only mention this, as some believe the FDIC influences risk taking behavoir. Perhaps the Aussie banks are a bit more conservative. US Banks out number AU banks by a significant margin- perhaps the FDIC allows smaller banks to garner more deposits.


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